The9 Limited (NCTY) 1.61 $NCTY
The9 Limited Announces Potential Share Exchange Transaction
PR Newswire - Tue Mar 15, 4:25AM CDT
The9 Limited (the "Company," NASDAQ: NCTY), an online game operator, today announced that it has entered into a memorandum of understanding ("MOU"
with L&A International Holding Limited, a Cayman Islands company with shares listed on the Growth Enterprise Market of the Stock Exchange of Hong Kong Limited under stock code 8195 ("L&A" , and certain other shareholders of Red 5, to exchange approximately 30.6% equity interest (the "Swapped Red 5 Interest" that it owns in its subsidiary Red 5 Studios, Inc. ("Red 5" for such number of newly issued shares of L&A which has the same value as the Swapped Red 5 Shares. The Company currently owns approximately 72.8% equity interest in Red 5. The other participating shareholders of Red 5 will exchange an aggregate of approximately 14.4% equity interest in Red 5 in the transaction on the same terms. The total consideration for the transaction for all the participating shareholders, including the Company, is expected to be approximately US$76.5 million, subject to adjustments by not more than 15% based on the result of the due diligence exercises to be conducted by the Company on L&A and by L&A on Red 5. The completion of the transaction is subject to the parties' execution of definitive agreements and customary closing conditions to be stipulated therein. Except for certain provisions relating to exclusivity, confidentiality, expenses, governing law and dispute resolution, the MOU does not constitute legally binding obligation on the parties to consummate the transaction.
NCTY: 1.61 (+0.03)
Gaming Industry's Newest Arrivals Continue to Drive Strong Growth Potentials With Biggest Increase Expected In Mobile Gaming - Company Announces Major Collaboration for New Mobile Game Development
PR Newswire - Tue Dec 01, 8:20AM CST
Digi-Capital forecasts that games software revenue will grow from $88 billion in 2015 to $110 billion by 2018 at 8% annual growth with Mobile games projected to generate more revenue than online games in 2015, as well as more revenue than console software. Leading gaming publishers in the news are Tapinator, Inc. (OTC: TAPM), The9 Limited (NASDAQ: NCTY), Activision Blizzard, Inc. (NASDAQ: ATVI), Zynga, Inc. (NASDAQ: ZNGA) and King Digital Entertainment (NYSE:KING)
ATVI: 42.20 (+0.91), NCTY: 1.61 (+0.03), ZNGA: 2.78 (-0.07), KING: 18.00 (unch)
Qihoo 360's JVC to Publish Cross Fire 2 Game in China
Zacks Equity Research - Zacks Investment Research - Fri Nov 27, 1:19PM CST
Qihoo 360 Technology Co. Ltd. (QIHU) recently announced that its joint venture (JVC), Oriental Shiny Star Limited has formed a five-year license agreement with Korean game developer, Smilegate Entertainment.
QIHU: 73.21 (+0.87), NCTY: 1.61 (+0.03), SYNC: 3.03 (+0.03), MEET: 6.23 (+0.39)
Qihoo 360's Joint Venture Signs Exclusive License Agreement for Cross Fire 2 in China
PR Newswire - Wed Nov 25, 7:00AM CST
Qihoo 360 Technology Co. Ltd. ("Qihoo 360" or the "Company" (NYSE: QIHU), a leading Internet company in China, today announced that its joint venture Oriental Shiny Star Limited ("JVC" has entered into a license agreement with Smilegate Entertainment, Inc. ("SG" , a leading Korean game developer, to publish and operate Cross Fire 2 for a five-year term in mainland China on an exclusive basis.
QIHU: 73.21 (+0.87), NCTY: 1.61 (+0.03)
The9 Limited Announces Its Joint Venture Obtained an Exclusive License for Publishing and Operating Cross Fire 2 in China
PR Newswire - Wed Nov 25, 7:00AM CST
The9 Limited (NASDAQ: NCTY) ("The9" , an online game developer and operator, today announced that its joint venture Oriental Shiny Star Limited ("JVC" has entered into a license agreement with Smilegate Entertainment, Inc. ("SG" , a leading Korean game developer, for publishing and operating Cross Fire 2 on an exclusive basis for a five-year term in mainland China. In consideration for the exclusive license, JVC will make an upfront payment of US$50 million and additional payments totaling US$450 million based on certain development and operation milestones, as well as royalty payments based on future sales.
NCTY: 1.61 (+0.03)
The9 Limited Signs Definitive Agreement Regarding Sale of Senior Secured Convertible Bonds and Warrants
PR Newswire - Wed Nov 25, 4:00AM CST
The9 Limited (the "Company," NASDAQ: NCTY), an online game operator, today announced that it has signed a definitive agreement with Splendid Days Limited (the "Investor" on November 24, 2015, pursuant to which the Investor will subscribe for 12% senior secured convertible bonds of the Company in an aggregate principal amount of US$40,050,000 (the "Notes" in addition to warrants in an aggregate principal amount of US$9,950,000. The Notes will be divided into three tranches, each of which will be convertible into ADSs of the Company at an initial conversion price of US$2.6, US$5.2 and US$7.8, respectively, per ADS, provided that at no time shall the Investor convert any portion of the Notes if subsequent to such conversion the Investor will hold more than 20% of the outstanding and issued shares of the Company. The Notes will bear interest at a rate of 12% per year, payable upon redemption of the Notes. The Notes will be due in 2018, subject to an extension for two years at the discretion of the Investor. The completion of the transaction is subject to customary closing conditions.
NCTY: 1.61 (+0.03)
The9 Limited Announces Potential Sale of Senior Secured Convertible Bonds and Warrants
PR Newswire - Mon Nov 16, 7:25AM CST
The9 Limited (the "Company," NASDAQ: NCTY), an online game developer and operator, today announced that it has entered into a legally binding term sheet with Splendid Days Limited (the "Investor" on November 13, 2015, pursuant to which the Investor has agreed to subscribe 12% senior secured convertible bonds of the Company due 2018 in an aggregate principal amount of US$45 million (the "Notes" in addition to warrants in an aggregate notional amount of US$5 million. The Notes will be divided into three tranches, each of which will be convertible into ADSs or ordinary shares of the Company at an initial conversion price of US$2.6, US$5.2 and US$7.8, respectively, per ADS or ordinary share, and will bear interest at a rate of 12% per year, payable upon redemption of the Notes. The completion of the transaction is subject to the parties' execution of definitive agreements and customary closing conditions.
NCTY: 1.61 (+0.03)
BUYINS.NET: STM, ENSG, LXK, NCTY, EWC, ATR Are Seasonally Ripe To Go Up In the Next Five Weeks
M2 - Fri Oct 30, 6:22AM CDT
BUYINS.NET / www.squeezetrigger.com is monitoring the Seasonality of STMicroelectronics NV (NYSE:STM), Ensign Group Inc (NASDAQ:ENSG), Lexmark International Inc (NYSE:LXK), The9 Ltd (NASDAQ:NCTY), Ishares Msci Canada Index (NYSE:EWC), Aptargroup Inc (NYSE:ATR) and each have a high seasonal probability to go Up in the next weeks. By identifying stocks that are poised to go up or down based on seasonal tendencies, traders can increase their odds of making money. SqueezeTrigger.com is able to analyze over 20 years of data in less than 1 second for any stock in the market and determine if the stock has a long or short seasonal bias, how many trading days the move is expected to last, the probability of that move and the percentage move the stock is expected to make based on the seasonal bias. The technology used to generate these predictions is available for a low monthly fee at:
ENSG: 21.60 (+0.23), NCTY: 1.61 (+0.03), EWC: 24.66 (+0.02), ATR: 80.20 (+0.41), STM: 5.91 (+0.19), LXK: 37.66 (+0.06)
/C O R R E C T I O N -- The9 Limited/
PR Newswire - Sun Mar 29, 11:21PM CDT
In the news release, The9 Limited Files Annual Report on Form 20-F for Fiscal Year 2014, issued 29-Mar-2015 by The9 Limited over PR Newswire, we are advised by the company that the first paragraph, first sentence, should read "March 27, 2014" rather than "March 26, 2014" as originally issued inadvertently. The complete, corrected release follows:
NCTY: 1.61 (+0.03)
The9 Limited Files Annual Report on Form 20-F for Fiscal Year 2014
PR Newswire - Sun Mar 29, 10:11PM CDT
The9 Limited (NASDAQ: NCTY) ("The9" , an online game developer and operator, announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2014 with the U.S. Security and Exchange Commission on March 26, 2014. The annual report, which contains its audited financial statements, can be accessed on the SEC's website at http://www.sec.gov as well as on the Company's investor relations website: http://www.the9.com/en/ . Shareholders may receive a hard copy of the annual report free of charge upon request.
NCTY: 1.61 (+0.03)
The9 Limited Announces Unaudited Financial Information as of and for the Six Months Ended December 31, 2014
PR Newswire - Thu Mar 26, 3:30PM CDT
The9 Limited (NASDAQ: NCTY) ("The9" , an online game developer and operator, announced its unaudited financial results for the six months ended December 31, 2014 today.
QIHU: 73.21 (+0.87), NCTY: 1.61 (+0.03)
The9 Limited Announces Potential Share Exchange Transaction
PR Newswire - Tue Mar 15, 4:25AM CDT
The9 Limited (the "Company," NASDAQ: NCTY), an online game operator, today announced that it has entered into a memorandum of understanding ("MOU"
with L&A International Holding Limited, a Cayman Islands company with shares listed on the Growth Enterprise Market of the Stock Exchange of Hong Kong Limited under stock code 8195 ("L&A" , and certain other shareholders of Red 5, to exchange approximately 30.6% equity interest (the "Swapped Red 5 Interest" that it owns in its subsidiary Red 5 Studios, Inc. ("Red 5" for such number of newly issued shares of L&A which has the same value as the Swapped Red 5 Shares. The Company currently owns approximately 72.8% equity interest in Red 5. The other participating shareholders of Red 5 will exchange an aggregate of approximately 14.4% equity interest in Red 5 in the transaction on the same terms. The total consideration for the transaction for all the participating shareholders, including the Company, is expected to be approximately US$76.5 million, subject to adjustments by not more than 15% based on the result of the due diligence exercises to be conducted by the Company on L&A and by L&A on Red 5. The completion of the transaction is subject to the parties' execution of definitive agreements and customary closing conditions to be stipulated therein. Except for certain provisions relating to exclusivity, confidentiality, expenses, governing law and dispute resolution, the MOU does not constitute legally binding obligation on the parties to consummate the transaction. NCTY: 1.61 (+0.03)
Gaming Industry's Newest Arrivals Continue to Drive Strong Growth Potentials With Biggest Increase Expected In Mobile Gaming - Company Announces Major Collaboration for New Mobile Game Development
PR Newswire - Tue Dec 01, 8:20AM CST
Digi-Capital forecasts that games software revenue will grow from $88 billion in 2015 to $110 billion by 2018 at 8% annual growth with Mobile games projected to generate more revenue than online games in 2015, as well as more revenue than console software. Leading gaming publishers in the news are Tapinator, Inc. (OTC: TAPM), The9 Limited (NASDAQ: NCTY), Activision Blizzard, Inc. (NASDAQ: ATVI), Zynga, Inc. (NASDAQ: ZNGA) and King Digital Entertainment (NYSE:KING)
ATVI: 42.20 (+0.91), NCTY: 1.61 (+0.03), ZNGA: 2.78 (-0.07), KING: 18.00 (unch)
Qihoo 360's JVC to Publish Cross Fire 2 Game in China
Zacks Equity Research - Zacks Investment Research - Fri Nov 27, 1:19PM CST
Qihoo 360 Technology Co. Ltd. (QIHU) recently announced that its joint venture (JVC), Oriental Shiny Star Limited has formed a five-year license agreement with Korean game developer, Smilegate Entertainment.
QIHU: 73.21 (+0.87), NCTY: 1.61 (+0.03), SYNC: 3.03 (+0.03), MEET: 6.23 (+0.39)
Qihoo 360's Joint Venture Signs Exclusive License Agreement for Cross Fire 2 in China
PR Newswire - Wed Nov 25, 7:00AM CST
Qihoo 360 Technology Co. Ltd. ("Qihoo 360" or the "Company"
(NYSE: QIHU), a leading Internet company in China, today announced that its joint venture Oriental Shiny Star Limited ("JVC" has entered into a license agreement with Smilegate Entertainment, Inc. ("SG" , a leading Korean game developer, to publish and operate Cross Fire 2 for a five-year term in mainland China on an exclusive basis. QIHU: 73.21 (+0.87), NCTY: 1.61 (+0.03)
The9 Limited Announces Its Joint Venture Obtained an Exclusive License for Publishing and Operating Cross Fire 2 in China
PR Newswire - Wed Nov 25, 7:00AM CST
The9 Limited (NASDAQ: NCTY) ("The9"
, an online game developer and operator, today announced that its joint venture Oriental Shiny Star Limited ("JVC" has entered into a license agreement with Smilegate Entertainment, Inc. ("SG" , a leading Korean game developer, for publishing and operating Cross Fire 2 on an exclusive basis for a five-year term in mainland China. In consideration for the exclusive license, JVC will make an upfront payment of US$50 million and additional payments totaling US$450 million based on certain development and operation milestones, as well as royalty payments based on future sales. NCTY: 1.61 (+0.03)
The9 Limited Signs Definitive Agreement Regarding Sale of Senior Secured Convertible Bonds and Warrants
PR Newswire - Wed Nov 25, 4:00AM CST
The9 Limited (the "Company," NASDAQ: NCTY), an online game operator, today announced that it has signed a definitive agreement with Splendid Days Limited (the "Investor"
on November 24, 2015, pursuant to which the Investor will subscribe for 12% senior secured convertible bonds of the Company in an aggregate principal amount of US$40,050,000 (the "Notes" in addition to warrants in an aggregate principal amount of US$9,950,000. The Notes will be divided into three tranches, each of which will be convertible into ADSs of the Company at an initial conversion price of US$2.6, US$5.2 and US$7.8, respectively, per ADS, provided that at no time shall the Investor convert any portion of the Notes if subsequent to such conversion the Investor will hold more than 20% of the outstanding and issued shares of the Company. The Notes will bear interest at a rate of 12% per year, payable upon redemption of the Notes. The Notes will be due in 2018, subject to an extension for two years at the discretion of the Investor. The completion of the transaction is subject to customary closing conditions. NCTY: 1.61 (+0.03)
The9 Limited Announces Potential Sale of Senior Secured Convertible Bonds and Warrants
PR Newswire - Mon Nov 16, 7:25AM CST
The9 Limited (the "Company," NASDAQ: NCTY), an online game developer and operator, today announced that it has entered into a legally binding term sheet with Splendid Days Limited (the "Investor"
on November 13, 2015, pursuant to which the Investor has agreed to subscribe 12% senior secured convertible bonds of the Company due 2018 in an aggregate principal amount of US$45 million (the "Notes" in addition to warrants in an aggregate notional amount of US$5 million. The Notes will be divided into three tranches, each of which will be convertible into ADSs or ordinary shares of the Company at an initial conversion price of US$2.6, US$5.2 and US$7.8, respectively, per ADS or ordinary share, and will bear interest at a rate of 12% per year, payable upon redemption of the Notes. The completion of the transaction is subject to the parties' execution of definitive agreements and customary closing conditions. NCTY: 1.61 (+0.03)
BUYINS.NET: STM, ENSG, LXK, NCTY, EWC, ATR Are Seasonally Ripe To Go Up In the Next Five Weeks
M2 - Fri Oct 30, 6:22AM CDT
BUYINS.NET / www.squeezetrigger.com is monitoring the Seasonality of STMicroelectronics NV (NYSE:STM), Ensign Group Inc (NASDAQ:ENSG), Lexmark International Inc (NYSE:LXK), The9 Ltd (NASDAQ:NCTY), Ishares Msci Canada Index (NYSE:EWC), Aptargroup Inc (NYSE:ATR) and each have a high seasonal probability to go Up in the next weeks. By identifying stocks that are poised to go up or down based on seasonal tendencies, traders can increase their odds of making money. SqueezeTrigger.com is able to analyze over 20 years of data in less than 1 second for any stock in the market and determine if the stock has a long or short seasonal bias, how many trading days the move is expected to last, the probability of that move and the percentage move the stock is expected to make based on the seasonal bias. The technology used to generate these predictions is available for a low monthly fee at:
ENSG: 21.60 (+0.23), NCTY: 1.61 (+0.03), EWC: 24.66 (+0.02), ATR: 80.20 (+0.41), STM: 5.91 (+0.19), LXK: 37.66 (+0.06)
/C O R R E C T I O N -- The9 Limited/
PR Newswire - Sun Mar 29, 11:21PM CDT
In the news release, The9 Limited Files Annual Report on Form 20-F for Fiscal Year 2014, issued 29-Mar-2015 by The9 Limited over PR Newswire, we are advised by the company that the first paragraph, first sentence, should read "March 27, 2014" rather than "March 26, 2014" as originally issued inadvertently. The complete, corrected release follows:
NCTY: 1.61 (+0.03)
The9 Limited Files Annual Report on Form 20-F for Fiscal Year 2014
PR Newswire - Sun Mar 29, 10:11PM CDT
The9 Limited (NASDAQ: NCTY) ("The9"
, an online game developer and operator, announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2014 with the U.S. Security and Exchange Commission on March 26, 2014. The annual report, which contains its audited financial statements, can be accessed on the SEC's website at http://www.sec.gov as well as on the Company's investor relations website: http://www.the9.com/en/ . Shareholders may receive a hard copy of the annual report free of charge upon request. NCTY: 1.61 (+0.03)
The9 Limited Announces Unaudited Financial Information as of and for the Six Months Ended December 31, 2014
PR Newswire - Thu Mar 26, 3:30PM CDT
The9 Limited (NASDAQ: NCTY) ("The9"
, an online game developer and operator, announced its unaudited financial results for the six months ended December 31, 2014 today. QIHU: 73.21 (+0.87), NCTY: 1.61 (+0.03)
